Rate-Cut Hopes Lift Shares

Updated Dec. 8, 1998 6:11 a.m. ET

SINGAPORE -- Shares closed higher on Tuesday amid expectations of another round of local interest-rate cuts.

The Stock Exchange of Singapore's Straits Times Index climbed 16.79, or 1.2%, to 1393.61. Advancing issues outnumbered decliners, 195 to 89, while 327 ended unchanged. A total of 280.4 million shares were traded.